Indigrid Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IndiGrid Infrastructure Trust has allotted 46,000 senior, secured, listed, rated, redeemable, non-convertible debentures (NCDs) under Series AC on a private placement basis on April 30, 2025. Each NCD has a face value of ₹1,00,000, taking the total issue size to ₹460 crore. The NCDs carry a coupon of 6.40% per annum, payable quarterly, and have a tenure of about 8 years and 11 months, with final redemption on March 31, 2034. The issue has been rated IND AAA/Stable and CRISIL AAA/Stable, and the securities will be listed on BSE.
The trust has raised ₹460 crore of long-term debt at an attractive 6.40% coupon with top-tier AAA ratings, which is positive for unitholders as it reflects strong investor confidence and low cost of borrowing. Existing unit-holders may see a marginal dilution of distributable cash flow due to quarterly interest obligations, but the long tenure and bullet-style redemption structure provide funding stability.